Community West Bancshares (NASDAQ:CWBC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Community West Bancshares (NASDAQ:CWBC) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 48,419 shares of the financial services provider’s stock after purchasing an additional 1,623 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Community West Bancshares were worth $938,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CWBC. Spire Wealth Management purchased a new stake in Community West Bancshares during the fourth quarter worth approximately $27,000. US Bancorp DE acquired a new position in shares of Community West Bancshares during the 4th quarter valued at $56,000. Rhumbline Advisers boosted its position in Community West Bancshares by 12.8% during the 4th quarter. Rhumbline Advisers now owns 21,387 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 2,430 shares during the period. Barclays PLC increased its holdings in Community West Bancshares by 228.5% in the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 15,343 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in Community West Bancshares by 7.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 1,598 shares during the period. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Stock Performance

NASDAQ:CWBC opened at $18.40 on Monday. The firm has a 50-day moving average of $18.80 and a two-hundred day moving average of $19.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $350.54 million, a P/E ratio of 35.39 and a beta of 0.91. Community West Bancshares has a 1-year low of $15.50 and a 1-year high of $24.47.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. On average, research analysts expect that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.12 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.48 annualized dividend and a yield of 2.61%. Community West Bancshares’s dividend payout ratio is presently 92.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CWBC. DA Davidson decreased their target price on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, January 27th. StockNews.com upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating for the company in a research report on Friday, January 24th.

Insider Buying and Selling at Community West Bancshares

In other news, President Martin E. Plourd sold 7,732 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $19.26, for a total value of $148,918.32. Following the sale, the president now owns 82,737 shares in the company, valued at approximately $1,593,514.62. This represents a 8.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James J. Kim purchased 1,600 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $17.36 per share, with a total value of $27,776.00. Following the completion of the purchase, the chief executive officer now directly owns 60,178 shares of the company’s stock, valued at approximately $1,044,690.08. This represents a 2.73 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 5,805 shares of company stock worth $104,788 in the last ninety days. 11.15% of the stock is owned by insiders.

About Community West Bancshares

Community West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California. The company offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposits; and cash management products.